“On Monday afternoon, President Trump told the press that he’s taking a drug called hydroxychloroquine as a preventative to ward off the coronavirus — a practice for which there is no evidence and that could, in theory, have negative side effects as serious as hallucinations and heart failure.
“I take it,” Trump said. “So far, I seem to be okay.”
Hydroxychloroquine is an anti-malarial drug that a non-randomized study from a French lab, publicized in March, initially suggested could be used as a treatment in fighting the coronavirus. In March, Trump frequently touted the drug, calling it “one of the biggest game changers in the history of medicine.” But further studies have concluded that it is not effective in many cases and should not be routinely used to treat patients.
Trump seems to be taking it not as a treatment for Covid-19 — he’s apparently tested negative — but as a preventive measure to protect himself from contracting it. There’s no medical evidence supporting the idea that this would work, and the risk of potential psychiatric and cardiac side effects, which are serious, would likely strongly outweigh any (hypothetical) benefits.
Nevertheless, Trump claims to be taking the drug anyway.”
…
“On the one hand, if Trump — a notorious liar — is telling the truth about taking the drug, it’s certainly newsworthy that the president is taking a dangerous medication for no good reason. It would not only speak to his judgment and fitness for office but also suggest a risk to his health and mental competence.
On the other hand, Trump may be trying to goad the media into getting bogged down in an issue that’s less important than the actual outbreak and Trump’s failed response to it. At the press conference, he told reporters, “I was just waiting for your eyes to light up when I said this, when I announced this,” indicating he’s perfectly aware that he’s starting a controversy.”
“Medicare-for-all could potentially save money, if provider payment rates are kept low and there isn’t an explosion in medical demand. It should save lives, based on what we know about what happens with mortality rates once people get insurance.
But it would be wise not to take the numbers too literally. There is a lot of guesswork in projecting what Medicare-for-all would cost and the effect it would have”
“The newest of the papers, authored by John Kaufman, Leslie Salas-Hernández, Kelli Komro, and Melvin Livingston in the Journal of Epidemiology and Community Health, examined monthly data across the US from 1990 to 2015 and estimated that a $1 increase in the minimum wage led to a 3.4 to 5.9 percent decline in suicides among adults with a high school education or less. The authors also estimated that over the 26-year period, a $1 increase in each state’s minimum wage could have prevented 27,550 suicide deaths, or about 1,059 per year.
The paper has created a bit of a stir. But it’s just one of four studies in the past couple of years to find an association between higher minimum wages and lower death rates (specifically suicides).
If these findings hold up in subsequent research, they provide a new, persuasive rationale for raising the minimum wage.”
“”In a 2012 paper, economists Carmen Reinhart and Kenneth Rogoff define a “debt overhang” as a situation in which the debt-to-GDP ratio exceeds 90 percent for five or more consecutive years. After looking at 26 debt overhangs in 22 advanced economies since 1800, they conclude that “on average, debt levels above 90 percent are associated with growth that is 1.2 percent lower than in other periods (2.3 percent versus 3.5 percent).” These overhangs last a long time—in their sample, the average lasted 23 years—creating a cumulative loss in economic growth that’s “nearly a quarter below that predicted by the trend in lower-debt periods.”
That work has been validated by left-wing economists associated with the University of Massachusetts, who were critiquing an earlier version of Rinehart and Rogoff’s work that had mistakenly found that debt overhangs reduced growth below zero. The critics conclude that “the average real GDP growth rate for countries carrying a public-debt-to-GDP ratio of over 90 percent is actually 2.2 percent.””
We crossed that Rubicon back in 2010″
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“You don’t have to believe there’s something magical about a 90 percent threshold to grok the idea that unpayable government debt has a negative effect on growth. The people who comprise markets recognize that a day of reckoning will eventually come and government will do some combination of raising taxes, reducing services, or inflating currency. None of those outcomes, and especially the unpredictability they promise, is good for economic growth. Which helps explain why the CBO predicts that average annual growth between 2019 and 2029 will be 1.9 percent. That figure compares to 3.2 percent average annual growth between 1950 and 2018.”